Michigan Laws 550.53b – Prudent purchaser agreement services; providing requested information to insurer
Current as of: 2024 | Check for updates
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Terms Used In Michigan Laws 550.53b
- Insurer: means an insurer as defined in section 106 of the insurance code of 1956, 1956 PA 218, MCL 500. See Michigan Laws 550.52
- Organization: means an insurer, a dental care corporation, hospital service corporation, medical care corporation, health care corporation, or third party administrator. See Michigan Laws 550.52
- Prudent purchaser agreement: means an agreement between an organization and a health care provider under section 3. See Michigan Laws 550.52
An organization that is providing prudent purchaser agreement services to an insurer shall provide the insurer on a timely basis with information requested by the insurer that the organization has and that the insurer needs to comply with section 2212 of the insurance code of 1956, Act No. 218 of the Public Acts of 1956, being section 500.2212 of the Michigan Compiled Laws.